52 smallcap stocks offer double-digit returns in record-breaking week for markets - 9 months ago
Equity markets in India reached new records in the last week of June, ending the month with a 3.5% gain. The rally was supported by strong foreign institutional investor flow and positive sentiment from the advance of the southwest monsoon. Several smallcap and midcap stocks delivered double-digit returns. Analysts expect the upward trend to continue, and investors will be watching for economic data releases and insights from the US Federal Reserve's FOMC minutes going ahead.
Economic Times

HDFC-HDFC Bank mega merger to be effective July 1, Jul 13 fixed as record date - 9 months ago
The merger of HDFC Investments and HDFC Holdings into HDFC is effective on Friday. Commercial papers of HDFC Ltd will be transferred to HDFC Bank from July 7. Shareholders of HDFC will receive 42 new HDFC Bank shares for every 25 shares held. The merger is expected to create the world's fourth-largest lender with a market cap of $172 billion.
Economic Times

Jefferies’ Chris Wood increases bet on Zomato, reduces investment in ONGC - 9 months ago
Christopher Wood will increase investment in Zomato by one percentage point. This will be done by cutting investments in Oil and Natural Gas Corporation. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio
Economic Times

HDFC-HDFC Bank mega merger to be effective July 1, record date fixed as Jul 13 - 9 months ago
The merger of HDFC Investments and HDFC Holdings into HDFC Ltd is effective today, the bank says
Economic Times

Aditya Birla Capital raises Rs 3,000 cr via QIP - 9 months ago
The shares were issued at Rs 175 each, with the QIP opening on June 26. Foreign and domestic institutional investors, including BlackRock and Norges Bank, participated in the QIP. Aditya Birla Group chairman Kumar Mangalam Birla said this investment reflects the company's commitment to its financial services business and the confidence investors have in its strategy and growth platform.
Economic Times

Jefferies’ Chris Wood increases bet on Zomato, reduces investment on ONGC - 9 months ago
Christopher Wood, the global equity strategist at Jefferies, has announced an increase in his investment in Zomato, an online food delivery aggregator, by one percentage point. This will be done by reducing the investment in Oil & Natural Gas Corp. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio by removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio. Wood believes that owning Nvidia is more beneficial in the growing field of generative artificial intelligence than owning Intel or AMD.
Economic Times

Block Deal: Warburg Pincus affiliate sells 0.3% stake in Airtel for Rs 1,649 cr - 9 months ago
Warburg Pincus affiliate, Lion Meadow Investment, has sold a 0.3% stake in Bharti Airtel through a block deal, generating Rs 1,649 crore. Despite the stake sale, Airtel's stock ended higher due to strong institutional buying. Several funds, including American Funds Insurance and EuroPacific Growth Fund, have acquired stakes in the telecom operator. Airtel's African business is growing rapidly and has the potential for a separate listing, according to brokerage CLSA, which has a buy rating on the stock. In the March quarter, Airtel reported a YoY increase of 50% in consolidated net profit.
Economic Times

SGX Nifty to be known as GIFT Nifty from July 3; All you need know - 9 months ago
In what can be termed as a 'Ghar Wapsi' (return to home) of sorts for SGX Nifty, the early indicator of the Indian stock market is shifting base from Singapore Exchange to NSE International Exchange (NSE IX) in Gujarat's Gandhinagar.
Economic Times

GQG buys stake in another Adani stock from promoter in Rs 1,676 crore deal - 9 months ago
Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission
Economic Times

GQG Partners buys shares worth Rs 1,676 cr in Adani Transmission via bulk deal; promoter sells entire stake - 9 months ago
Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission
Economic Times

US stocks rally as Apple hits record high, inflation cools - 9 months ago
US stocks rallied on Friday, driven by Apple shares hitting a record high and signs of easing inflation. Apple's rise helped push up technology stocks, while a Commerce Department report showed a smaller increase in the Fed's preferred inflation gauge. Traders also lowered their bets on the likelihood of further interest rate hikes by the Federal Reserve. Despite recent losses, the three main US indexes were on track to end June and the second quarter on a high note.
Economic Times

Sebi fines Vedanta Rs 30 lakh for breaching listing and disclosure norms - 9 months ago
The penalty was imposed because the mining major made incorrect disclosures relating to its plan to enter the semiconductor business. Sebi found that Vedanta had made false representations in a press release on its letterhead, thereby misleading investors. Vedanta has 45 days to pay the penalty
Economic Times

Sebi fines Vedanta Rs 30 lakh for breaching disclosure norms - 9 months ago
Vedanta has to make the payment within 45 days of receipts of this order, the regulator says
Economic Times

US stocks open higher as Apple hits record high, inflation cools - 9 months ago
Apple's market value breaches $3 trillion mark again. Shares of the world's most valuable listed company were up 0.9% at $191.4 in morning trading.
Economic Times

Sebi holds RIL arm guilty of F&O trade manipulation, imposes Rs 7,00,000 fine - 9 months ago
The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.
Economic Times

Hindalco US arm to face margin pressure for 2-3 quarters, says Kotak Equities - 9 months ago
Hindalco Industries subsidiary, Novelis, is expected to face margin pressures due to factors such as weak demand in the building and construction segment, destocking in the can segment, and low aluminum prices. Kotak Institutional Equities maintains an 'add' rating for Hindalco's shares, but believes that the stock will remain under pressure in the near term. Novelis is projected to have earnings before interest, tax, depreciation, and amortization of $444 per tonne in 2023-24 and $475 per tonne in 2024-25. The demand for cans is expected to remain weak, but the automobile segment continues to show strength.
Economic Times

US airline stocks set for best month in 2 years on summer rush, lower fuel prices - 9 months ago
U.S. airline stocks are set to have their strongest monthly performance since 2021, fueled by lower fuel prices and strong travel demand. Despite inflation and signs of a slowing economy, travel spending has rebounded and the number of Americans traveling by air during the Fourth of July holiday is expected to surpass previous records. The outlook for the summer months is optimistic, with a projected 1% increase in passengers compared to 2019. However, analysts expect air travel demand to moderate in the second half due to uncertainty and limited visibility.
Economic Times

These 5 auto stocks touch their new 52-week high, gaining up to 15% in a month - 9 months ago
The benchmark index Sensex witnessed a noteworthy rise of approximately 803 points on Friday, closing at a level of 64,718. During this surge, 5 stocks from the BSE auto pack scaled new highs within the 52-week timeframe. The 52-week high is an important factor for certain traders and investors, serving as a vital technical indicator to assess a stock's current value and anticipate possible price changes. It signifies the highest price at which a stock has traded in the past year.
Economic Times

Apple's market value breaches $3 trillion mark again - 9 months ago
Apple's market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022, before closing the session just below that mark.
Economic Times

Sebi holds RIL arm guilty of F&O trade manipulation, imposes Rs 700,000 fine - 9 months ago
The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.
Economic Times

Tech View: Nifty target now at 19,500 for next week. What traders should do - 9 months ago
The Nifty formed a long bull candle on Friday, closing at a lifetime high of 19,189. Chart readers suggest the index has been forming higher highs on a weekly scale and supports are shifting higher. The index needs to hold above 19,100 to extend the move towards 19,300 and 19,500.
Economic Times

BSE, ICICI Securities among 10 stocks with Golden Crossover patterns. Know what it signifies? - 9 months ago
The Golden Crossover pattern is a bullish signal in which a stock's short-term moving average crosses above its long-term moving average. This pattern indicates a potential uptrend and presents a buying opportunity for investors. ETMarkets has identified 10 stocks that recently exhibited the Golden Crossover pattern, including BSE, Graphite India, and Honeywell Automation India.
Economic Times

FTSE to delete Nuvama Wealth from Global Smallcap Index from July 5; here’s why - 9 months ago
Nuvama Wealth Management will be removed from the FTSE Global Smallcap index, according to FTSE Russell. The company, which recently demerged from Edelweiss Financial Services, has not started trading on the stock market yet. Therefore, the global index aggregator made the decision to remove Nuvama from the smallcap index. Nuvama aims to triple its client assets and base by 2028 and expand its presence in more cities and offshore markets.
Economic Times

Promoter sells 5.75% in Easy Trip Planners through open market transactions - 9 months ago
Easy Trip Planners' promoter Rikant Patti has sold a 5.75% stake in the company, reducing his shareholding to 26.38%. The details of the deal were not disclosed. The other two promoters, Nishant Pitti and Prashant Pitti, did not participate in the sale. The company's shares dropped over 5% following the announcement. Easy Trip Planners is a major player in the online travel industry, offering various services including air ticket bookings. Despite the stock's low performance, it is still considered expensive based on its valuation.
Economic Times

IDFC First Bank, 2 other stocks may enter MSCI India Standard Index - 9 months ago
Cummins India, Ashok Leyland, and IDFC First Bank are expected to be included in the MSCI India Standard Index in September, which could result in significant inflows from passive funds. Emkay Global Financial Services predicts inflows of $108 million, $134 million, and $101 million, respectively, for these stocks.
Economic Times

Hatsun Agro, HDFC Life among 10 overbought stocks trading with bearish RSI - 9 months ago
The Relative Strength Index (RSI) is a crucial technical indicator for analyzing stock movements. It helps investors identify potential shifts in stock momentum. Stocks that are in the overbought zone with bearish or declining RSI trends may indicate a possible reversal or slowdown in price appreciation. In this article, ETMarkets explores 10 such stocks that are currently in the overbought zone with bearish RSI trends. The RSI is a widely used momentum oscillator that ranges from 0 to 100, providing insights into whether a stock is overbought or oversold.
Economic Times

Adani Ports, Godrej Consumer among 10 stocks with RSI trending up - 9 months ago
The Relative Strength Index (RSI) is a useful tool for understanding stock movement and identifying potential opportunities in the market. When the RSI value trends upward, it suggests that buying pressure may be increasing, potentially leading to a price rally or continuation of an existing uptrend.
Economic Times

Coforge, Amara Raja Batteries among 9 BSE500 stocks which have hit new 52-week high - 9 months ago
Several stocks from the S&P BSE500 index, including ABB and Coforge, reached new 52-week highs, indicating a bullish sentiment in the market. Aditya Birla Capital, Amara Raja Batteries, Apar Industries, Birla Corporation, CCL Products, Cummins India, and Cyient also experienced significant increases in their stock prices, reaching new 52-week highs. These updates were sourced from BSE at 1:50 pm and may come with a lag.
Economic Times

Aarti Drugs, ACC among 8 stocks which have crossed above their 50-day SMA - 9 months ago
Crossing the 50-day Simple Moving Average (SMA) is seen as a positive signal in the stock market, indicating potential short-term market sentiment and a bullish trend. Several stocks, including Aarti Drugs, Alkem Laboratories, ACC, Solar Industries India, Star Health and Allied Insurance Company, Mahindra Holidays & Resorts.
Economic Times

Bulls in Action! Sensex, Nifty hit fresh highs on rally in IT, auto stocks; gain 6% on half-yearly basis - 9 months ago
The market capitalisation of all listed companies on BSE surged by Rs 2.36 lakh crore to Rs 296.47 lakh crore in Friday's trade. Meanwhile, in the month of June, the market cap of all listed firms on BSE advanced 12.35 lakh crore to Rs 296.47 lakh crore.
Economic Times

Sensex extends record rally to 3rd day, surges 803 pts; Nifty tops 19,150 - 9 months ago
Closing Bell: Sensex extends record rally to 3rd day, surges 803 pts; Nifty tops 19,150; JK Tyre zooms 14%, Biocon 8%
Economic Times

Sensex up 1,800 points in 3 days: Key factors why the bulls are partying - 9 months ago
On Friday, both Sensex and Nifty 50 clocked more than 1% gains and scaled lifetime highs of 64768.58 points and 19201.70 points, respectively. Nifty 50 settled at a record closing high of 19189.05 points​ and Sensex at 64718.56 points. ​
Economic Times

7 stocks gain over 15% in each of the last 3 months, turn multibaggers - 9 months ago
Today's trading session marks the end of the first quarter of FY24. ETMarkets has analysed stocks that have delivered a minimum of 15% return in each of the last 3 months within this quarter. To narrow down the selection, only stocks with a market cap exceeding Rs 1,000 crore were considered. Surprisingly, 13 stocks from the BSE universe have met the criteria. Among this list, an impressive 7 stocks have turned into multibaggers within the first three months of FY24. Let's take a look. (Data Source: ACE Equity)
Economic Times

Gillette India, Avenue Supermarts and 10 more stocks give breakout from 200 SMA - 9 months ago
Several stocks, including Gillette India, Rain Industries, Avenue Supermarts, IRB Infrastructure Developers, Sun Pharma Advanced Research Company, Trident, and Petronet LNG, crossed their 200-day Simple Moving Average (SMA) on June 28, 2023. Crossing the 200-day SMA represents a bullish trend and suggests potential price appreciation for these stocks. This milestone is significant for investors and traders, signaling upward momentum and a positive outlook for the stock.
Economic Times

​Dodla Dairy among 6 stocks entering strong trend zone, shows Average Directional Index (ADX) scan - 9 months ago
For better prediction of future trends and prices of stocks, technical analysis tools are now widely used. Among them one of the indicators or tools is the Average Directional Index (ADX). Here, we have identified six stocks with a market cap of over Rs 1000 crore that are entering a strong trend zone based on ADX. Further note that for these stocks ADX has gone above from below. (Source: StockEdge).
Economic Times

Midcap Marvels: MRF, Corforge among 11 counters that drive S&P BSE Midcap index to new 52-week highs - 9 months ago
Several stocks from the S&P BSE Midcap index surged to new 52-week highs, including MRF, Corforge, Aditya Birla Capital, L&T Finance Holdings, Lupin, M&M Financial Services, Muthoot Finance, PFC, Polycab India, REC, and Shriram Finance. These impressive performances indicate a bullish market sentiment. The data was sourced from BSE at 2.15 pm and may have a lag in real-time updates.
Economic Times

Byju's seeks investors for stake sale in Aakash Education: ET NOW sources - 9 months ago
ET NOW Exclusive | Byju's seeks investors for Aakash Education stake, as per sources. How much stake does the co plan to sell? From the shareholding pattern to the history of the coaching company, ET Now's Anu josh is here with the details
Economic Times

Rain Industries, Symphony among 10 stocks with RSI trading down - 9 months ago
The Relative Strength Index (RSI) is a vital tool for analyzing stock movement and identifying potential opportunities in the market. This article highlights 10 stocks that have experienced a decline in RSI, indicating a potential change in momentum. RSI values range from 0 to 100 and provide insights into whether a stock is overbought or oversold. A downward trend in RSI suggests that selling pressure may be increasing, which could lead to a price correction or temporary pullback. It is essential to conduct thorough research and seek personalized guidance from financial advisors before making investment decisions.
Economic Times

7 stocks gain over 15% in each of the last 3-month, turn multibaggers - 9 months ago
Today's trading session marks the end of the first quarter of FY24. ETMarkets has analysed stocks that have delivered a minimum of 15% return in each of the last 3 months within this quarter. To narrow down the selection, only stocks with a market cap exceeding Rs 1,000 crore were considered. Surprisingly, 13 stocks from the BSE universe have met the criteria. Among this list, an impressive 7 stocks have turned into multibaggers within the first three months of FY24. Let's take a look. (Data Source: ACE Equity)
Economic Times

​Bearish Signal! MACD of these 7 stocks slips below zero​ - 9 months ago
MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. On the other hand, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.
Economic Times

BofA takes a 'Buy' view on Paytm. Sees 20% upside in the new-age tech stock - 9 months ago
Bank of America (BofA) Securities has given a 'Buy' rating for One 97 Communications, the parent company of Paytm, with a target price of Rs 1,020. BofA values Paytm based on a methodology that considers discounted cash flow (DCF) and enterprise value/sales (EV/S) valuation. The brokerage is optimistic about the growth prospects of Paytm, especially in the Indian market, and believes there are no balance sheet risks. Meanwhile, Macquarie has downgraded Paytm to neutral due to the sharp increase in share prices and the possibility of China's Ant Financial reducing its stake.
Economic Times

9 BSE100 Stocks surge to new 52-week high. Dr Reddy's Labs, Maruti lead rally - 9 months ago
Several stocks from the S&P BSE100 index, including Dr Reddy's Labs and Maruti Suzuki, reached new 52-week highs today, reflecting a strong market sentiment. Other companies such as Godrej Consumer Products, HCL Technologies, IndiGo, IndusInd Bank, Larsen & Toubro, Lupin, and Mahindra & Mahindra also experienced upward surges in their stock prices. This indicates positive investor sentiment and confidence in the growth prospects of these companies. The data sourced from BSE at 1:15 pm may come with a lag, and the information provided is specific to that time.
Economic Times

HDFC, HDFC Bank shares rise to 1-month high ahead of board meet outcome - 9 months ago
Shares of HDFC Bank and Housing Development Finance Corporation (HDFC) reached their highest levels in over a month ahead of the outcomes of board meetings to decide on the merger effective date. HDFC Bank's shares rose 2% while HDFC's shares gained 1.6%. The merger, which is scheduled to take effect on July 1, will create the fourth largest lender globally by market capitalization. The combined entity's market cap is estimated to be $172 billion, making it larger than Bank of America and smaller than JPMorgan Chase. The completion of the merger will also result in changes to the MSCI and FTSE global indices.
Economic Times

Overbought stocks: Indigo, JBM Auto among 10 stocks trading above RSI of 70 - 9 months ago
A total of 70 stocks were trading in the overbought zone according to data from StockEdge. ETMarkets has selected 10 stocks based on their Relative Strength Index (RSI) values. RSI is a widely-used indicator that measures a stock's price movement and indicates if it is overbought or oversold. Readings above 70 suggest a potential price correction or pullback.
Economic Times

CreditAccess Grameen shares tumble over 6% on reports of promoter selling stake - 9 months ago
Shares of CreditAccess Grameen fell over 6% after reports emerged that the promoter, Credit Access BV, plans to sell a 5.8% stake in the company through block deals. The transaction is estimated to be worth around Rs 1,100 crore. The stock was last trading at Rs 1,257.5 apiece, down 5.1% from the previous close. CreditAccess Grameen is a microfinance institution that provides micro-loans to women customers. As of March 2023, the company operates in 14 states and 1 union territory with 1,786 branches, serving over 42.6 lakh customers. Mutual funds hold a 10.2% stake, while foreign portfolio investors own 8.57%.
Economic Times

India: The unstoppable investment destination of next decade - 9 months ago
The IMF predicts a slowdown in global growth due to various factors, including instability in the banking sector and the lingering effects of the COVID-19 pandemic. However, India remains an attractive investment destination for the next decade. Factors contributing to India's appeal include robust economic growth driven by a large domestic market, structural reforms, a stable government, technological advancements, opportunities in banking and finance, renewable energy and electric vehicles, and manufacturing through incentive programs. The reasonable valuations and potential for sustained value creation further enhance India's investment prospects.
Economic Times

PKH Ventures IPO opens: 10 things to know about the IPO - 9 months ago
The IPO of PKH Ventures opens for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the issue. Watch!
Economic Times

Nifty Financial Services index stocks with upside potential of up to 24% - 9 months ago
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
Economic Times

HDFC AMC shares jump 15%, hit 52-week high after Sebi defers decision to overhaul TER regulations - 9 months ago
Shares of HDFC Asset Management Company (AMC) surged nearly 15% to reach a 52-week high on Friday after the Securities and Exchange Board of India (Sebi) decided to postpone the overhaul of TER regulations. Over 38 lakh HDFC AMC shares were traded on the NSE, valued at Rs 855.98 crore. Sebi stated that it would release another consultation paper on the issue. The mutual fund industry had opposed the proposal, citing potential negative impact on their businesses. Other AMC stocks such as UTI AMC and Aditya Birla Sun Life AMC also gained on the news.
Economic Times

​3 PSU stocks signalling strength with RSI ascending above 50​ - 9 months ago
RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0-100. Herein the data takes into consideration the time period of 14 days to compute RSI. (Source: StockEdge)
Economic Times